HomeMy WebLinkAbout01778holder shall have first given to the Trustee.written notice of
an event of default hereunder, and also unless and until the
holders of at least thirty per cent (30%) in principal amount
of the said Bonds then outstanding shall have made written
request upon the Trustee as provided in Section 15(b) hereof
and the Trustee shall have refused or, for a period of thirty
days after receipt of such notification and request, shall
have neglected to institute any suit, action, or other legal
proceedings. It is hereby expressly covenanted by the holder
of every Bond and the Trustee that no one or more holders of
the Bonds or coupons shall have any right in any manner what-
soever to affect, disturb or prejudice the rights of the holder
of any other Bond or coupon or in any manner or way to obtain
or seek to obtain priority or preference over any such holder
or to enforce any right hereunder except in the manner herein
provided and for the equal, ratable and common benefit of all
holders of the Bonds and coupons.
Section 21. No remedy herein conferred upon or reserved
to the Trustee or to the holders of the Bonds or coupons is in-
tended to be exclusive of any other remedy or remedies, and each
and every such remedy shall be cumulative and shall be in addition
to every other remedy given hereunder or now or hereafter existing
at law or in equity or by statute.
Section 22. No delay or omission of the Trustee or of
any holder of any of the Bonds or coupons to exercise any right
or power accruing upon any default occurring and continuing as
aforesaid shall impair any such right or power or shall be con-
strued to be a waiver of any such default or an acquiescence
26.